Despite exempting several sectors from sanctions, the US is warning India that increased trade with Moscow will result in grave repercussions. So, Indian firms have begun the process to accept China's yuan for their exports.
The United States and its allies have levied sanctions on Russia in response to Moscow's special military operation, which began on February 24 after the republics of the Donbass region asked President Vladimir Putin for assistance in combating Kiev's atrocities.
The media have spoken with Dr. D. B. Bhaaskara, CEO of the multinational company Roerich Healthcare, about bilateral trade with Russia in the midst of the US-led economic war on the country.
Interviewer: The United States has shielded the pharmaceutical, fertilizer, and energy industries from sanctions. What possibilities do you see for Indian companies in Russia, given that the two countries have yet to agree on a payment method?
Dr D.B. Bhaaskara: We are experiencing significan...